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How Large Will the Infant Milk Formula Market Size By 2025?
The market size of infant milk formula has experienced considerable growth in the recent past. The market is projected to expand from a value of $56.07 billion in 2024 to a staggering $62.36 billion in 2025, achieving a compound annual growth rate (CAGR) of 11.2%. Factors such as enhanced understanding of infant nutrition, an increase in the number of working mothers, urbanization and transformation in lifestyles, increase in healare spending, and a growing appeal for convenient feeding choices have contributed to the growth during the historical period.

How Big Is the Infant Milk Formula Market Size Expected to Grow by 2029?
The projected expansion of the infant milk formula market is expected to be swift in the coming years, reaching a worth of $94.83 billion in 2029 with an 11.0% compound annual growth rate (CAGR). The surge during this prediction period is linked to the escalating demand in budding economies, a rise in e-commerce penetration, an increased focus on organic and clean-label products, a growing middle-class demographic, and innovative changes in formula composition. Notable trends during this forecast period encompass progresses in probiotic and prebiotic formulations, advanced packaging implementations to prolong shelf life, innovation in plant-based infant formulas, the incorporation of artificial intelligence in product development, and advancements in sustainable and eco-friendly manufacturing techniques.

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Which Key Market Drivers Powering Infant Milk Formula Market Expansion and Growth?
The rising count of employed mothers is predicted to bolster the expansion of the infant milk formula market in the future. Employed mothers indicate women with children who engage in paid work beyond their homes. This increase is motivated by increased adaptability in workplaces, allowing them to manage professional duties with childcare and family obligations more effectively. Infant milk formula offers a handy and dependable option to breastfeeding for working moms, facilitating the balancing of baby care with their work-related obligations. For example, The Center For American Progress Action Fund, a US advocacy organization, reported in December 2022, a rise of 993,000 mothers in the workforce compared to the same period the prior year. In addition, the employment rate for mothers with children under age 5 has attained 99.2 percent of their levels before the pandemic. Thus, the rising number of working mothers is propelling the expansion of the infant milk formula market.

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Which Fast-Growing Trends Are Poised to Disrupt the Infant Milk Formula Market?
Leading enterprises in the infant milk formula market are concentrating on cutting-edge innovation, including science-backed growing-up milk solutions, to closely emulate the advantages of human breast milk, foster early childhood growth, and cater to the dynamic health and nutritional demands of infants and toddlers. Science-supported growing-up milk solutions involve formulas amplified with clinically approved ingredients like HMOs, probiotics, and vital nutrients aimed at promoting immune, cognitive, and comprehensive development in infants. For example, in November 2023, Nestlé, a leading food and beverage business based in Switzerland, announced its premiere growing-up milk formula containing Human Milk Oligosaccharides (HMOs) in mainland China. These bioactive ingredients are endorsed by comprehensive scientific studies underscore their importance in improving gut health, immunity, and mental development in infants. Under the Wyeth illuma brand, the innovative formula contains crucial HMOs such as 2'-FL and LNnT. This action reinforces Nestlé's pledge to pioneer in science-backed early life nutrition.

What Are the Emerging Segments in the Infant Milk Formula Market?
The infant milk formula market covered in this report is segmented -

1) By Product Type: Starting Milk Formula, Follow-On Milk Formula, Toddler Milk Formula,
2) By Target Consumer Group: Premature Infants, Lactose Intolerant, Infant with Allergies, Twins/Multiples, Low Birth Weight Babies, General Population,
3) By Application: Specialty Stores, Supermarkets, Online Retail, Chemists Or Pharmacies Or Drugstores, Other Application.

Subsegments:
1) By Starting Milk Formula (0-6 months): Cow Milk-Based Formula, Soy-Based Formula, Hydrolyzed Protein Formula, Specialty Formula,
2) By Follow-On Milk Formula (6-12 months): Cow Milk-Based Formula, Soy-Based Formula, Goat Milk-Based Formula, Probiotic Or Prebiotic-Enriched Formula,
3) By Toddler Milk Formula (12-36 months): Fortified Milk Drinks, Organic Toddler Formula, Plant-Based Formula, Flavored Toddler Formula.

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Who Are the Global Leaders in the Infant Milk Formula Market?
Major Companies operating in the infant milk formula market are Nestlé S.A., Pfizer Inc., Abbott Laboratories, Danone S.A., The Kraft Heinz Company, Arla Foods amba, Reckitt Benckiser Group plc, FrieslandCampina N.V., Meiji Holdings Co. Ltd., Perrigo Company plc, Morinaga Milk Industry Co. Ltd., Mead Johnson & Company LLC, The Hain Celestial Group Inc., Hero Group AG, Ausnutria Dairy Corporation Ltd., Biostime Inc., HiPP GmbH & Co. Vertrieb KG, Beingmate Baby & Child Food Co. Ltd., Synutra International Inc., Bellamy's Organic Pty Ltd.

Which are the Top Profitable Regional Markets for the Infant Milk Formula Industry?
Europe was the largest region in the infant milk formula market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the infant milk formula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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